There seems to be a mindset that
life insurance applications probably won't be approved at the rate that was quoted and applied for.
Not exact matches
If you just want out, know what you plan on doing next If you're canceling a whole
life policy but you still need
life insurance, keep in mind that you will have to go through the
application process again to buy a new policy — and you'll
probably want to pick term
life insurance this time around.
Keep in mind that you'll
probably have to answer health questions and take a
life insurance medical exam during the
application process.
The first thing you're
probably thinking is «why would anyone lie on a
life insurance application?»
If your
life insurer finds out you lied, it's considered «material misrepresentation,» and your
application for
life insurance will
probably be denied.